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stock split, stock recommendation
Begin Part 2 of 2
War has started. Striking leadership positions trying to take out Hussein and other Iraqi leaders. 'Target of opportunity' as they apparently had intelligence as to where Hussein et al were located. The action seems to be trying to take out leaders first. No real heavy bombardment, ground war has not started.
THE PLAYS
Good moves: APOL; EXPE; BCGI; TTC; UOPX
In each report we prepare full write-ups for those that look ready to move. If the move has been made already we discuss the play in the summary table. The purpose is to focus on the next good movers.
NEW PLAYS: Additional plays can be found in Pre-Announcements, Pre-Splits, and Post-Splits.
Upside:
Play Date: 03/19/2003
ACTL (Actel--$18.51; -0.08; optionable): Semiconductor
http://biz.yahoo.com/p/a/actl.html
STATUS: Testing the breakout. ACTL broke over the May 2002/January 2003 down trendline three sessions back and is moving laterally on lower volume after that breakout. This is action we are seeing in many chip stocks, and when the chips lead, the market follows. Accumulation since the December peak is solid at 3 up weeks on rising volume to 0 down weeks on rising volume. We are looking for ACTL to test back toward 18 to 17.75 over the next two or so sessions. After that we are looking for a strong volume move higher.
Volume: 190.426K Avg Volume: 239.181K
BUY POINT: $18.78 Volume=359K Target=$22.55 Stop=$17.47
POSITION: LQA FW - June $17.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/actl.html
Play Date: 03/19/2003
DSCM (Drugstore.com--$3.5; 0; no options): Internet drugstore and info center
http://biz.yahoo.com/p/d/dscm.html
STATUS: Testing the breakout. DSCM has worked through a big 15-month cup base, blasting out of that base the 5 sessions back. It has now come back to test the breakout on lower and lower volume holding Wednesday just over the 10 day MVA on the low (3.38). Accumulation during the long base is solid at 17 up weeks on rising volume to 2 down weeks on rising volume. Money flow is powering up ahead of the stock and relative strength has broken out. Nice test and we are looking to get in when it starts back up.
Volume: 251.268K Avg Volume: 255.409K
BUY POINT: $3.62 Volume=383K Target=$4.45 Stop=$3.28
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/dscm.html
CONTINUING LEADER PLAYS
Upside:
Play Date: 03/19/2003
QCOM (Qualcom--$39.12; -0.13; optionable): Communication equipment
http://biz.yahoo.com/p/q/qcom.html
STATUS: Cup. QCOM is working through a 3.5 month cup, rallying up off a month-long consolidation at 34, using rising volume on the rally up to form the right side of the base. It capped out at 40 and has moved sideways the last two session on lower, below average volume, showing consecutive doji's. This is good consolidation action and we are looking for a breakout over these highs to start the next leg. May take another session or two to get ready, but we like it.
Volume: 12.899M Avg Volume: 13.04M
BUY POINT: $39.72 Volume=20M Target=$45.25 Stop=$37.05
POSITION: AAW GU - July $37.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/qcom.html
Play Date: 03/12/2003
XLNX (Xilinx--$26.47; -0.46; optionable): Semiconductors
http://biz.yahoo.com/p/x/xlnx.html
STATUS: Testing the breakout. XLNX surged higher as we anticipated, hitting 28 on the recent high with a great volume surge. It has pulled back the last two sessions on lower and lower volume. It showed a doji Wednesday, tapping 26 on the low and bouncing some. As it did, it held significant support at 26, the twin highs from December and January. This is a prime entry point as it holds support on a modest pullback after a strong move higher. Looking for a bounce up on some volume.
Volume: 13.994M Avg Volume: 9.99M
BUY POINT: New: $27.22 (orig. $24.24) Volume=12M Target=New: 31.30; orig. positions: $27.45 Stop=$22.88
POSITION: XLQ FX - June $22.50c (61 delta) &/or Stock
http://www.investmenthouse.com/cs/xlnx.html
PRE-ANNOUNCEMENT PLAYS
Continued:
Play Date: 03/11/2003
SYK (Stryker--$69.26; -1.02; optionable): Medical instruments. Working on a date for SYK
BACKGROUND: Last split 2:1 5/15/2000. Price at the time of announcement was $60.
http://biz.yahoo.com/p/s/syk.html
STATUS: Cup w/handle breakout test. SYK blasted out of the 10-week base Monday, and tested back to the 10 day MVA on the Wednesday low (67.45) before making a strong rebound to close basically flat. We decided it was time to move in and issued an alert for some new positions. It may test back once again toward the 10 day MVA before a definitive move, but it was a solid breakout and it shows a lot of support at near term resistance.
Volume: 1.284M Avg Volume: 711.818K
BUY POINT: New: If market is rallying, from here. Otherwise, a test toward 68 and a rebound on volume. Volume=800K Target=$76.45 Stop=$65.65
POSITION: SYK IM - Sept. $65c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/syk.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACTL 03/19 Test BO 18.51 -0.08 18.78 22.55 190K 359K 17.47
New.
ADI 03/15 Cup 30.68 -0.19 30.35 34.65 5M 4.5M 27.65
Current.
ADVP 03/04 Cup hdl 29.33 -0.4 28.55 32.84 1.3M 1.8M 26.55
Current.
AMZN 01/09 Test 50 26.54 -0.24 23.15 29.95 8.5M 13M 21.65
Current.
AMZN 10/21 Cup hdl 26.54 -0.24 20.32 28.24 8.5M 10M 23.88
Current.
ANPI 03/08 PreSplt 21.29 +0.07 20.16 22.93 149K 156K 18.75
Buy Not Issued.
ANSS 03/18 Cup hdl 24.19 -0.05 24.42 29 72K 190K 22.71
Buy Not Hit.
APOL 02/18 A Wedge 49.45 +1.11 46.25 52.88 2.1M 22M 44.25
Current.
ARRO 02/15 Test 50 42.35 +0.2 42.25 48.42 16K 55K 39.29
Buy Not Issued.
AVCT 02/13 Test BO 25.17 -0.33 28.45 31.15 883K 725K 25.94
Current.
BCGI 02/22 Cup 14.76 +0.41 13.95 16.65 391K 215K 12.97
Current.
BLL 03/03 A Wedge 54.71 +0.67 54.22 62 441K 550K 51.88
Buy Not Issued.
BRL 01/27 Test 18 52.81 +0.89 77.78 88 444K 875K 72.34
BSX 03/13 Cup 46.37 +0.4 44.55 50.55 1.8M 3.4M 41.65
Buy Not Issued.
CCU 02/24 Put 35.62 -0.74 35.77 31.75 6.9M 4.8M 37.15
Buy Not Issued.
CECO 02/15 Cup hdl 48.93 +0.39 48.07 54 611K 1.4M 45.74
Buy Not Issued.
CGNX 02/04 DB hdl 24.03 +0.05 24 27.88 574K 525K 22.24
Current.
COGN 03/18 Cup 24.77 -0.45 25.55 29.88 1.4M 1.3M 23.76
Buy Not Hit.
COH 02/25 Flat 38.64 +0.14 35.5 41.25 872K 1.3M 34.74
Current.
DNEX 02/27 BO 33.18 -0.4 33.55 38.58 58K 150K 31.94
Buy Not Issued.
DSCM 03/19 Test BO 3.5 0 3.62 4.45 251K 383K 3.28
New.
EBAY 03/08 BO 87.87 -0.21 80.08 92 7.4M 8M 77.04
Current.
ELAB 03/06 Cup hdl 26.19 0 24.06 28.88 190K 325K 22.38
Current.
ERES 01/30 Cup hdl 26 +0.32 21.55 24.45 409K 436K 21.48
Current.
EXPD 02/24 Cup 35.94 +0.33 34.25 39.49 1.7M 1.1M 33.15
Current.
EXPE 03/05 Cup 47.13 +8.23 34.35 39 24M 2.5M 34.55
Target Hit.
EXPE 02/22 PreSplt 47.13 +8.23 33.98 38.22 24M 3M 32.25
Target Hit.
EXPE 11/30 A Wedge 47.13 +8.23 39.12 44 24M 3.2M 34.55
Target Hit.
FBC 02/01 Cup hdl 25.14 +0.83 23.85 26.85 119K 199K 22.38
Buy Not Issued.
FBC 01/07 Cup hdl 25.14 +0.83 23.35 26.85 119K 199K 23.74
Current.
FCN 02/20 A Wedge 44 -0.07 43.6 49.35 252K 400K 42.55
Current.
GSOF 03/04 Cup hdl 15.84 +0.34 17.05 20.55 144K 164K 15.86
Buy Not Hit.
ICST 03/05 DB hdl 22.49 -0.85 23.65 27 3.4M 2M 21.99
Current.
IGT 03/13 Flat 83.14 +0.37 80.06 88 745K 1.2M 77.74
Current.
IMCL 03/01 Test BO 16.7 +0.42 14.6 16.72 3.1M 2M 14.05
Current.
JCI 03/15 Put 75.13 -0.68 73.96 70 626K 700K 75.25
Buy Not Issued.
JCOM 03/18 Cup 24.86 -0.13 25.28 30 354K 412K 23.38
Buy Not Hit.
JEC 03/05 Cup hdl 41.05 +0.08 39.6 45.55 364K 374K 37.78
Current.
LLTC 03/01 BO 34.61 -0.04 32.3 37.26 9.6M 7M 29.88
Current.
MACR 03/05 Test 18 12.75 -1.75 15.35 18 2.6M 800K 14.28
Buy Not Hit.
MVL 03/03 BO 13.1 -0.25 11.82 14.25 713K 675K 11.15
Current.
MXIM 03/13 BO 39.56 -0.28 38.9 44.95 14M 10M 35.94
Current.
NDC 03/08 Saucer 22.48 -0.06 22.75 26 304K 300K 21.16
Buy Not Issued.
NSM 03/15 Test BO 19.01 -0.15 18.55 21.65 2.1M 3M 17.04
Current.
PRX 03/12 Test 18 40.61 +0.61 37.05 42.94 3M 700K 35.25
Buy Not Issued.
PSUN 03/15 Cup 20.39 -0.1 20.4 24.25 1.1M 1.6M 18.97
Current.
QCOM 03/19 Test BO 39.12 -0.13 39.72 45.25 13M 20M 37.05
New.
QCOM 12/04 Test 18 39.12 -0.13 40.85 50 13M 18M 37
Current.
QCOM 11/07 Test BO 39.12 -0.13 34.78 42 13M 18M 37
Current.
QLGC 11/07 Test BO 39.94 -0.24 41.4 50 9.1M 25M 39.88
QQQ 03/15 Test 50 26.7 -0.23 25.26 28 91M 90M 23.49
Current.
RNBO 02/27 DB hdl 9.47 -0.31 8.45 10.25 148K 161K 8.45
Current.
SBUX 03/13 Cup hdl 24.99 -0.08 24.75 29.35 4.4M 5M 22.52
Current.
SRCL 03/08 A Wedge 37.73 -0.16 36.55 41 424K 629K 34.45
Buy Not Hit.
STN 01/04 Rv H&S 20.6 +0.23 19.05 22.86 601K 600K 18.45
Current.
SYK 03/19 Test 50 69.2 -0.06 69 76.45 1.3M 800K 65.65
Current.
SYK 03/11 Test 50 69.2 -0.06 65.55 73.75 1.3M 800K 63.94
Current.
TTC 02/25 Test BO 69.5 +1.1 68.85 76.55 61K 137K 65.35
Current.
UOPX 03/04 Cup hdl 42.17 +2.38 40.75 46.62 1.2M 300K 37.94
Current.
VAR 12/18 Rv H&S 50.3 -0.19 50.25 58 645K 700K 49.15
Current.
VIA 02/15 Put 38.9 +0.3 37.05 33.85 444K 485K 38.35
Buy Not Issued.
WFR 02/22 Flat 10.98 -0.2 9.35 11.25 287K 217K 8.59
Current.
XLNX 03/12 Test 50 26.47 -0.46 24.24 27.45 14M 12M 22.88
Target Hit.
XTO 03/01 PreSplt 19.05 +0.14 25.55 28.75 1.1M 1.2M 24.33
Buy Not Issued.
ZMH 02/06 DB hdl 48.2 -0.42 42.65 50.88 1.5M 1.6M 44.45
Current.
ZQK 03/11 Cup 30.59 +0.19 28.55 32.85 285K 320K 26.55
Buy Not Issued.
Good Investing!
Jon L. Johnson and the Stock Split Report Staff.
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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stock split
stock recommendation
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